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What is GARP SCR Certificate?
Are you also not aware of GARP SCR Exam like me ? Don't worry just go through this blog to get the overview of the GARP SCR Exam in a nutshell which will hardly take 5 precious minute of yours.
The GARP SCR (Sustainability and Climate Risk) Exam is a professional certification which is offered by the Global Association of Risk Professionals (GARP). It is designed to equip the individuals with the knowledge and skills necessary to understand, assess, and manage sustainability and climate-related risks in the context of financial services and risk management.
Let's have a quick glance into the GARP SCR Exam requirements, cost, success rate, and more to get idea of the exam.
Why should you pursue it?
Now, since you know about the GARP SCR Exam. Let's move to the next and the most important question as to why you should pursue this exam. Just the name of Exam bring nightmares in my life, so why should one pursue for this exam if life is going smooth.
If you are excited to enter the trending sector of sustainability with a background in finance, then you should definitely opt for this exam.
As sustainability becomes increasingly important in financial decision-making, possessing expertise in this area will open up new career opportunities for you. It will provide you with specialized knowledge in sustainability and climate risk, allowing you to contribute effectively to risk management strategies in the context of environmental, social, and governance (ESG) factors.
Let's have a look into the below image to clear all your doubts as to why you should pursue this exam.
How is the Exam structured?
So, if you are reading this then you are definitely interested in knowing more about this exam. So, let us first start with knowing the foundation. Yes, you are right, I am talking about the exam structure without which we cannot even imagine to take a step forward to appear in this exam without knowing the exam pattern and structure especially when we are aware of the fact that the SCR Exam is a comprehensive, standard-oriented assessment.
The SCR exam covers the fundamental guidelines, methodologies, and frameworks used in anticipating and managing climate risk. It consists of 80 equally weighted multiple-choice questions, including one case study. Don't panic after seeing this
Candidates will be allotted 3 hours to complete the Exam.
Also, don't forget that presently the exam is conducted only in American English language. So, prepare accordingly !
Let's take a quick look into the image below to understand the questions asked per Chapter in the previous years.
This table has been prepared by analyzing the previous year question papers and the distribution of questions across different chapters. I hope this segregation of questions per chapter will help you to understand the pattern and plan accordingly to prioritize on important chapters based on the weightage of each chapter.
How much work experience in sustainability and climate risk do I need to sit for the Exam?
Don't worry, for writing GARP SCR Exam you don't need to have any specific work experience in sustainability and climate risk. Exciting isn't!
This definitely makes it an accessible option for every individual who are looking to enter or pivot their careers in sustainability and risk management.
What are the benefits of obtaining the SCR certificate?
Everyone strives to get rewards and awards after putting in hard work to achieve to their goals. And qualifying the GARP SCR Exam is a significant accomplishment. So let's look into the various benefits one get after earning this prestigious certificate.
Career Advancement: The GARP SCR certificate will significantly enhance your job prospects, especially in roles that require expertise in assessing and managing sustainability and climate risks. Employers in finance, banking, insurance, and risk management increasingly value professionals with a strong understanding of ESG factors.
Industry Recognition: Passing this Exam will demonstrate that you posses the knowledge and tools necessary to assess and manage the sustainability and climate risk challenges which many industries face today.
What roles can you target after getting this certificate?
There are multiple roles one can apply for after obtaining the prestigious GARP SCR Certificate. Let us have a quick glimpse into the list of such roles, they are as follow:
Climate Risk Analyst
Sustainable Finance Specialist
Environmental Risk Manager
ESG (Environmental, Social, Governance) Analyst
Risk Management Consultant in Climate-related Issues
Why should you apply for a GARP SCR certificate?
Let us explore the importance of GARP SCR Certificate from 360 degree perspective:
Global Relevance:
As the world works hard to fight climate change, banks and other financial institutions everywhere are realizing how important it is to manage sustainability and climate risks. Having a GARP SCR certificate will showcase that you really understand these issues globally, making you very valuable in the financial industry.
Career Growth:
After going through the exam pattern, structure, you know passing the GARP SCR exam is not as easy as a cup of tea. It requires a lot of effort and a good understanding of sustainability and climate risk management. But when you get this certificate, it opens up new opportunities for your career and helps you move up the ladder in the financial sector.
Competitive Advantage:
With lots of people competing for jobs, having a GARP SCR certificate will make you stand out. It will demonstrate a commitment to stay ahead of industry trends and a willingness to tackle complex challenges related to sustainability and climate risk.
Market Recognition and Professional Credibility:
Definitely, passing the GARP SCR exam is not easy. It requires a lot of effort and a good understanding of sustainability and climate risk management. But when you get this certificate, it opens up new opportunities for your career and helps you move up the ladder in the financial sector.
Conclusion
There is a famous proverb, No pain, No gain.
And this proverb perfectly captures the essence of the current situation, so what are you waiting for?
Only few months are left for the exam
Pick up you pen and start preparing for the exam as this exam demands minimum 100 - 150 hours of dedicated study.
To make this journey more smoother, you can join our workshop, which is especially designed to guide you with current syllabus, exam pattern, mock test and mentorship with GARP SCR Certified Experts. Open new doors for yourself.
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